Seller's Agent in 2025
Lyndon Baskin
Harris & Harris Realty Group
(901) 428-6981
5 in this area
39 Total Sales
412 E Mclemore Ave Memphis, TN 38106
South Memphis Neighborhood
8
Beds
--
Bath
2,814
Sq Ft
6,970
Sq Ft Lot
About This Home
As of November 2025Great investment opportunity in South Memphis! This 4-unit multifamily is fully occupied and brings in approx. $24,600 in annual net operating income. Renovated in 2016 with updated systems. Located minutes from Downtown, the STAX Museum, and historic Soulsville. Each unit is separately metered, and the property is professionally managed. Steady income in an area experiencing revitalization makes this ideal for long-term investors. Please do not disturb tenants. Showings by accepted offer only.
Last Agent to Sell the Property
Harris & Harris Realty Group License #356569 Listed on: 05/13/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50 x 141
Parking
- Over 1 Space Per Unit
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Slate Roof
Interior Spaces
- 2,814 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Tile Flooring
- Washer and Dryer Hookup
Utilities
- Window Unit Cooling System
- Floor Furnace
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 013049 00025
Community Details
Overview
- 4 Units
- Washington Hgts Blk 4 Subdivision
Building Details
- Insurance Expense $1,600
- Operating Expense $3,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/26/2025 11/26/25 | Sold | $175,000 | -12.5% | $62 / Sq Ft |
| 10/13/2025 10/13/25 | Pending | -- | -- | -- |
| 09/18/2025 09/18/25 | For Sale | $200,000 | 0.0% | $71 / Sq Ft |
| 09/18/2025 09/18/25 | Price Changed | $200,000 | +14.3% | $71 / Sq Ft |
| 07/30/2025 07/30/25 | Off Market | $175,000 | -- | -- |
| 06/06/2025 06/06/25 | Price Changed | $250,000 | -18.8% | $89 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $308,000 | -- | $109 / Sq Ft |
Source: Memphis Area Association of REALTORS®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $17,920 | $4,400 | $13,520 |
| 2024 | $510 | $15,040 | $4,080 | $10,960 |
| 2023 | $916 | $15,040 | $4,080 | $10,960 |
| 2022 | $916 | $15,040 | $4,080 | $10,960 |
| 2021 | $927 | $15,040 | $4,080 | $10,960 |
| 2020 | $1,020 | $14,080 | $4,080 | $10,000 |
| 2019 | $1,020 | $14,080 | $4,080 | $10,000 |
| 2018 | $1,020 | $14,080 | $4,080 | $10,000 |
| 2017 | $579 | $14,080 | $4,080 | $10,000 |
| 2016 | $586 | $13,400 | $0 | $0 |
| 2014 | $586 | $13,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lyndon Baskin
-
Keino Spring
Seller Co-Listing Agent in 2025
Keino Spring
Harris & Harris Realty Group
(901) 301-4912
4 in this area
82 Total Sales
-
Dylan Patel
Buyer's Agent in 2025
Dylan Patel
Grand Point Realty, LLC
(901) 826-8712
3 in this area
10 Total Sales
Map
Source: Memphis Area Association of REALTORS®
MLS Number: 10196554
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